Four Corners Correlations

FCPT Stock

USD 26.69 0.20 0.74%

The current 90-days correlation between Four Corners Property and Netstreit Corp is 0.65 (i.e., Poor diversification). The correlation of Four Corners is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Four Corners Correlation With Market

Average diversification

The correlation between Four Corners Property and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Four Corners Property and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Four Corners Property. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Four Stock

0.85

ADC

Agree Realty

Pair Corr

Moving against Four Stock

0.67	Z	Zillow Group Class Earnings Call This Week	Pair Corr
0.67	PK	Park Hotels Resorts Earnings Call This Week	Pair Corr
0.55	FR	First Industrial Realty	Pair Corr
0.53	ELME	Elme Communities Potential Growth	Pair Corr
0.49	WELL	Welltower Earnings Call This Week	Pair Corr
0.43	ESBA	Empire State Realty	Pair Corr
0.4	UE	Urban Edge Properties Earnings Call This Week	Pair Corr
0.37	ESRT	Empire State Realty	Pair Corr
0.74	AHR	American Healthcare REIT,	Pair Corr
0.69	ALX	Alexanders	Pair Corr
0.6	AAT	American Assets Trust Earnings Call This Week	Pair Corr
0.6	BHR	Braemar Hotel Resorts Earnings Call Next Week	Pair Corr
0.57	AIV	Apartment Investment and	Pair Corr
0.57	BDN	Brandywine Realty Trust	Pair Corr
0.51	FISK	Empire State Realty	Pair Corr
0.5	AHH	Armada Hflr Pr	Pair Corr
0.44	AHT	Ashford Hospitality Trust	Pair Corr
0.76	DRH	Diamondrock Hospitality	Pair Corr
0.71	DHC	Diversified Healthcare	Pair Corr
0.64	DEI	Douglas Emmett	Pair Corr
0.63	DLR	Digital Realty Trust Sell-off Trend	Pair Corr
0.58	CDP	COPT Defense Properties Earnings Call This Week	Pair Corr
0.57	DEA	Eerly Govt Ppty	Pair Corr

Related Correlations Analysis

	NTST	GTY	SITC	BRX	PINE	UE	EPRT	AAT	TRNO
NTST		-0.34	0.62	0.47	-0.46	0.81	-0.29	0.73	0.23	NTST
GTY	-0.34		-0.33	-0.12	0.38	-0.33	0.88	0.03	0.34	GTY
SITC	0.62	-0.33		0.71	-0.35	0.71	-0.24	0.47	0.14	SITC
BRX	0.47	-0.12	0.71		-0.13	0.8	-0.1	0.4	0.57	BRX
PINE	-0.46	0.38	-0.35	-0.13		-0.29	0.57	-0.25	0.21	PINE
UE	0.81	-0.33	0.71	0.8	-0.29		-0.33	0.59	0.51	UE
EPRT	-0.29	0.88	-0.24	-0.1	0.57	-0.33		0.02	0.29	EPRT
AAT	0.73	0.03	0.47	0.4	-0.25	0.59	0.02		0.46	AAT
TRNO	0.23	0.34	0.14	0.57	0.21	0.51	0.29	0.46		TRNO
	NTST	GTY	SITC	BRX	PINE	UE	EPRT	AAT	TRNO

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EPRT	+ 0.88	GTY
UE	+ 0.81	NTST
UE	+ 0.8	BRX
AAT	+ 0.73	NTST
BRX	+ 0.71	SITC
UE	+ 0.71	SITC

High negative correlations

PINE	- 0.46	NTST
PINE	- 0.35	SITC
GTY	- 0.34	NTST
EPRT	- 0.33	UE
UE	- 0.33	GTY
SITC	- 0.33	GTY

Risk-Adjusted Indicators

There is a big difference between Four Stock performing well and Four Corners Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Four Corners' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NTST	0.94	0.11	(0.05)	0.86	1.05	(1.00)	2.03	(2.16)	4.23
GTY	0.87	(0.16)	0.00	(0.17)	0.00	0.00	1.90	(1.68)	5.42
SITC	1.30	(0.16)	(0.07)	0.08	1.48	(1.45)	2.23	(2.56)	11.29
BRX	1.03	(0.15)	(0.11)	0.05	1.39	(1.08)	2.07	(2.58)	7.99
PINE	0.86	(0.22)	0.00	(0.52)	0.00	0.00	1.44	(2.03)	4.88
UE	1.05	(0.06)	(0.05)	0.14	1.27	(1.08)	2.51	(2.32)	7.16
EPRT	0.86	(0.13)	0.00	(0.24)	0.00	0.00	1.48	(1.79)	5.19
AAT	1.14	0.18	(0.05)	(0.63)	1.31	(1.22)	2.29	(2.57)	7.37
TRNO	1.03	(0.18)	(0.11)	0.03	1.61	(0.93)	1.90	(2.53)	8.43

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